ACY Securities clients can now make cryptocurrency deposits without fees
ACY Securities clients can now make cryptocurrency deposits without fees
ACY Securities, a prominent global CFD broker, has taken a substantial step in reducing trading costs by announcing the removal of all payment gateway fees on cryptocurrency deposits. This decision, implemented on October 2, 2024, aligns with the broker’s mission to make trading more accessible and cost-efficient for clients who favor digital currency transactions.
Until recently, ACY Securities covered a 1% portion of the standard 1.5% payment gateway fee for crypto deposits, with clients absorbing the remaining 0.5%. Now, the company has committed to covering the entire 1.5% gateway fee, effectively allowing clients to fund their accounts with zero extra charges. This move is particularly significant in the context of growing global adoption of cryptocurrencies as a mainstream financial option, and it reflects ACY’s dedication to meeting the shifting preferences of its traders.
“We are seeing a rising trend in the use of cryptocurrencies for funding trading accounts,” explained Jimmy Ye, CEO of ACY Securities. “Removing all fees for these deposits reflects our commitment to supporting clients who choose digital currencies and minimizing the costs they incur. We aim to provide a seamless, cost-effective trading environment that appeals not only to our existing clients but also attracts new traders.”
While ACY Securities has removed internal fees associated with cryptocurrency deposits, the broker emphasizes that users might still encounter blockchain network fees, known as gas fees, imposed by crypto wallets. These fees, which cover the cost of processing transactions on the blockchain, remain outside of ACY’s control and vary based on network demand and transaction volume.
This latest adjustment is one of several recent initiatives ACY Securities has launched to improve its client offering. Notably, the broker recently extended the grace period on its Swap-Free accounts, now allowing clients four days before incurring an admin fee. This change provides added flexibility for clients following Sharia law and others who prefer to avoid interest-related costs.
ACY Securities’ efforts to reduce fees and improve flexibility demonstrate the broker’s commitment to client satisfaction in an evolving trading environment. By taking on the full burden of cryptocurrency gateway fees, ACY Securities enables its clients to maximize their account funding and trading potential.
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